National Republican., 1887-06-03
MODERATELY BEARIsu.
A Tendency to Lower Prices In the
Stock Market Yestarday.

htoCh mnrHet 1ebteruays
NEW YoRK, June 2.-The stock market
to-day, in the absence Of any special sup
port and on the realizatlons OF the opera
tors who have grown tired Of carrying
their load Of stocks without any material
advance, was raided by the bears at every
weak point. The decline was not contlnu-
ous, but upon the removal OF the pressure
at different intervals slight rccoveries were
made. This gave feverish and unsettled
appearance TO the market, which was re-.
tained until the close. The news OF the
day was unimportant, but such as II was
had tendency to depress values. Bears
also circulated several rumors Of disquiet-
ing nature, the most important referring to
the supposed future stfingency In the
money market and TO the sickness OF Mr..
Gould, the latter bringing forth positive
denial. The trading was for the most part
professional, and. whilo the buying was
somewhat scattered, the selling was con-
centrated. The temper OF the room was
moderately bearish, aud all weak spots were
promptly attacked.
There was an irregular opening, although
the changes from last evenings figures were
generally for slight fractions only. The
market was heavy from the opening on q
moderate business, and although there was
q slight rally in the first hour, Pacific Mail
soon became active, and the entire list
moved of In unison. After l2 o'clock the
decline was renewed with force, the market
becoming decidedly active with Pacific
Mail, Fort Worth, and Denver. and Rich.
mond and West Point specially weak.
The market thereafter was alternately
heavy, and finally closed on rally, quiet
and steady to firm.
Money on call has been easy, ranging
from 4 to 9, last loan at 4, and closing
offered at 3. Sterling exchange is dull
and steady. Actual business at 1851
to 4s5l for 6O.day bills and 1851 to
1861 for demand. Posted rates 4s6 to
1871. Government bonds have been dull
and steady. State bonds have been dull
and steady.
Treasury balances-Coin, S134 4,S10,G61 4;
currency, Sl5, ,332,676
The following were the closing bid ouo-
Is, l29<; a. COUP, 1o9k; Pac. 6s of
%. 12s111; D. 2: 865s, 12l1a; Ga. 7s, los;
La: Cons, ssl4; Mo. IS Of 81: 1929; N. g. Cons.
NC s. asked: * d. Tenn. settent M S. s., AZ; % Cent. t.
hmac m.s k lis4 q Ss.s, Il Nortborn s. list pse 81
ern e @ cons, iss; " do. E;b dEebenture, n"iit ilo;
81, L. & San Fran, Iii; 81. Paul Con-, 1901;
II yRsG ao Fsc 2a ssSsn Pss s fsG il5 y
West shore, lO35S;. :. Adams Express, li5;
Alton 4 I. H., a; do. pref, 75; American
Can. Southern. 62}sS Canton, So asked Central
Pae., 30; Ches. & Ohio, Z; Chic. 4 Alton, l5I;
do. pref, 162; @. B. 4 O., 14s; Cleve'd d COL,
Si% Con, Coal, 20; Del. & IIud., 1887; Del, 4
pref, 7$iS; Fort Wayne, I i52; Harlem, i N 22s; S
Mous; Tex. e; w III. a., Gen: l25; Kaqs; 4
Lvl. & Nash, ,6714l; Manhattan.& Con-, l59ys; NJ.
4 Char, o.; Met T., 2o7; Mich. Cen, s2ls Mo
Chat. s41f: N J. Central, s2IIs Nix. & W. pref,
s2ss; Northern ,5Psc, Psc, ga DO. pref, eoZs
pref: 85sS; ohio 4 Miss, 295; do. pref 90 asked;
Or. Nav, l0S; Pac. Mail, 62Ii; Pittsburg, 1853;
DAN, l5O; Rock l., 1856; St. L. & s. F.,
Paul. 927s do: pref. l2i3 st. Paul 4
Union Pac., 6lIa; U. s. X, $50; Wab. Pac.,
2o15; do. p, 3t5s; Wells Far, 1888; W. Union,
Y; Tenn. Coal & Iron, 49,; Cotton Oil
Trust, 5oh; Quicksilver, So; do. pref, 3sh
a.ratn ann provts,ons.